#1 and #2 - Comment - Israel News | Haaretz Daily Newspaper
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    • vernon marriott
    • 01.07.10 | 14:41 (IDT)

    This article isn't about stifling creativity or innovation. Rather it's about allowing Israeli entrepreneurs to truly florish. At the moment in Israel, close to 80% of productive economic activity is owned or controlled by 12 families. This is the highest concetration of economic power of any OECD country (even Brazil or Mexico), which in turn relates to Israel having the highest wealth disparity and the highest number of people in poverty in the OECD. Innovation, creatvity and competition are being stifled - the relationships between banks and certain industrial businesses are way too close (as they're often owned by the same family). This country needs competition, which would bring prices down, boost salaries a little bit - but above all open the market to new products and bring prices down.

    from the article: Where is the Israeli Brandeis who will save our democracy?
    First published 11:54 01.07.10 | Last updated 11:54 01.07.10
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